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Independent, Trustworthy New Zealand Business News
The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.
BusinessDesk - Latest News [Page 1223]
Copper regulation pits fibre investors against consumers
Monday, 4 February 2013, 2:45 pm | BusinessDesk
Feb. 4 (BusinessDesk) - The Commerce Commission's draft regime for pricing network company Chorus's copper lines has divided submitters into investors pushing for a backdown by the regulator and consumer lobby groups and retailers supporting the ... More >>
NZ commodity prices rise for 6th straight month
Monday, 4 February 2013, 1:35 pm | BusinessDesk
Feb. 4 (BusinessDesk) - New Zealand commodity prices rose for a sixth straight month in January led by increasing pelt prices, though the strength of the kiwi dollar ate into the benefits for local producers. More >>
Aorangi stoush with Jean Hubbard key to size of return
Monday, 4 February 2013, 12:44 pm | BusinessDesk
Feb. 4 (BusinessDesk) – A Timaru High Court hearing set for May on whether Aorangi Securities or the Hubbards own $60 million of disputed assets is key to whether investors in the failed group get most of their money back or only a third of the funds, the ... More >>
Solid Energy boss quits after shocker year
Monday, 4 February 2013, 12:15 pm | BusinessDesk
Feb. 4 (BusinessDesk) - The chief executive of state-owned coal miner Solid Energy, Don Elder, is to follow most of the company's previous board of directors and hundreds of staff out the door, announcing his resignation after 12 years in the post. More >>
MIDDAY UPDATE: Solid Energy boss Elder exits
Monday, 4 February 2013, 12:05 pm | BusinessDesk
Feb. 4 (BusinessDesk) - Solid Energy chief executive Don Elder has left the state-owned coal miner after presiding over a major write-down of assets which led to the company laying off a quarter of its workforce. More >>
Tru-Test buys milk storage unit for $73 mln from NDA
Monday, 4 February 2013, 11:23 am | BusinessDesk
Feb. 4 (BusinessDesk) - Tru-Test Group, the agri-tech group that ranked 16th on the TIN100 survey of the country's top research and technology firms, has bought milk storage and refrigeration firm Dairy Technology Services from local manufacturer ... More >>
Satara faces loss after review finds double counting
Monday, 4 February 2013, 10:50 am | BusinessDesk
Feb. 4 (BusinessDesk) - Satara Cooperative Group, the Te Puke-based kiwifruit and avocado company, may post a full-year loss before tax after an asset revaluation review found it had double-counted its cool stores. More >>
NZ dollar gains on Wall St rally, US jobs
Monday, 4 February 2013, 8:59 am | BusinessDesk
NZ dollar gains as Wall St rallies on improving employment, TWI at 5-year high More >>
World Week Ahead: Momentum gathers
Monday, 4 February 2013, 7:30 am | BusinessDesk
World Week Ahead: Momentum gathers By Margreet Dietz Feb. 4 (BusinessDesk) – Optimism rules on the world's largest economy. More >>
MARKET CLOSE: NZ shares drift off six year high
Friday, 1 February 2013, 5:53 pm | BusinessDesk
Feb. 1 (BusinessDesk) – New Zealand stocks took a breather, with the NZX 50 Index of leading stocks coming off a 76-month high at the end of January. More >>
TAG Oil announces four east coast North Island wells
Friday, 1 February 2013, 5:53 pm | BusinessDesk
Feb. 1 (BusinessDesk) - TAG Oil has firmed up plans to start exploratory drilling for oil and gas in shale deposits on the east coast of the North Island, which it says could hold the equivalent of 14 billion barrels of oil. More >>
TAG Oil announces four east coast North Island wells
Friday, 1 February 2013, 5:48 pm | BusinessDesk
Feb. 1 (BusinessDesk) - TAG Oil has firmed up plans to start exploratory drilling for oil and gas in shale deposits on the east coast of the North Island, which it says could hold the equivalent of 14 billion barrels of oil. More >>
NZ dollar climbs near 18-month high vs. Aussie
Friday, 1 February 2013, 5:28 pm | BusinessDesk
Feb. 1 (BusinessDesk) - The New Zealand dollar climbed near an 18-month high against its Australian counterpart as the fortunes for the neighbours pall, while looking rosier on this side of the Tasman. More >>
MONEY TALKS: The art of knowing when to cash up
Friday, 1 February 2013, 3:54 pm | BusinessDesk
This week we got one of those rare glimpses into the thinking of the Reserve Bank, when it published figures showing it had sold a tidy sum of kiwi dollars in December. More >>
Meridian suffers low SI wholesale prices in Dec 1/4
Friday, 1 February 2013, 3:23 pm | BusinessDesk
Feb. 1 (BusinessDesk) - Meridian Energy achieved barely half the average price for wholesale electricity as its Auckland-based competitor, MightyRiverPower, the state-owned power company's update for the December quarter shows. More >>
Callaghan Institute kicks off high-tech push
Friday, 1 February 2013, 1:18 pm | BusinessDesk
Feb. 1 (BusinessDesk) - The government has launched the cornerstone of its policy to encourage new, high value, high-tech products and services across science, engineering, design and technology disciplines. More >>
RBNZ's Wheeler urges tax and regulation reforms for growth
Friday, 1 February 2013, 1:01 pm | BusinessDesk
Feb. 1 (BusinessDesk) - Reserve Bank governor Graeme Wheeler has tax and regulation reforms on his wish-list to foster local savings and investment, saying they would help improve the nation's economy. More >>
MIDDAY UPDATE: Govt launches new innovation agency
Friday, 1 February 2013, 12:42 pm | BusinessDesk
Feb 1 (BusinessDesk) - The government has launched the cornerstone of its policy to encourage new, high value, high-tech products and services across science, engineering, design and technology disciplines. More >>
CORRECT: Kathmandu lifts 1H profit by as much as 75%
Friday, 1 February 2013, 11:51 am | BusinessDesk
CORRECT: Kathmandu lifts 1H profit by as much as 75 percent on Australian sales growth More >>
NZ net migration loss slows in 2012, despite Aussie lure
Friday, 1 February 2013, 11:34 am | BusinessDesk
Feb. 1 (BusinessDesk) - New Zealand's net migration loss slowed last year, despite the lure of a brighter future across the Tasman which continued to attract kiwis. More >>
